In the process of urbanisation, China faces three pressing tasks, affecting 100 million people each: to help 100 million rural migrants enjoy resident status in cities and towns in eastern China; to accommodate 100 million rural people as local residents in cities and towns in central and western China, and to provide 100 million people living in rundown areas in cities with decent housing. These undertakings have an impact on 300 million people. It is indeed a most daunting challenge. A latecomer to modernisation and weighed down by weak economic foundations, China lags far behind the United Kingdom and other western countries in many areas. Its quest for modernisation remains a long and arduous one. As premier, my highest priority is to pursue modernisation through urbanisation and industrialisation.
China s economy needs to grow at a proper rate, expected to be around 7.5 per cent this year. It is slower than the past, but normal. Given the size of China s economy, its annual economic increment is about one trillion US dollars. The growth rate in the first quarter of 2014 was 7.4 per cent. Despite considerable downward pressure, China s economy is moving on a steady course. We will continue to make anticipatory and moderate adjustments when necessary. We are well prepared to defuse various risks. We are confident that this year s growth target will be met.
Reform and opening up in the past three decades have delivered better livelihoods for the Chinese people. And reform and opening up remain key to realise modernisation. To achieve this goal, we need to stay the course on market-orientated reform, energise the market, motivate the people, bring out their ingenuity and open China still wider to the outside world.
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